An important development this week that is going almost unnoticed is the lack of involvement by many of local racing’s prominent owners in the Ocala Sales that begun yesterday.
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Baptiste new head at Republic
Nigel Baptiste yesterday took up his appointment as Republic Bank’s managing director and president of Republic Financial Holdings Ltd (RFHL).
Baptiste has been with Republic for 25 years and has served as an executive director for the past ten years.
In a statement yesterday Republic said that Baptiste leads the group with the support of the team of executive directors, which now comprises Derwin Howell, Roopnarine Oumade Singh and Jacqueline Quamina. Robert Le Hunte, who runs the bank’s operations in Ghana and Ian De Souza, who runs the Barbados subsidiary are also executive directors.
“It is a privilege to have been given this opportunity to lead what I believe is an excellent and dedicated team of individuals,” said Baptiste.
Baptiste replaces David Dulal-Whiteway, who retired on Ash Wednesday, after ten years at the helm of the bank.
Chairman of RFHL, Ronald Harford, said: “We are delighted to welcome Mr. Baptiste into his new role and look forward to continued success under his leadership. We also thank Mr. Dulal-Whiteway for his years of service, during which time he has played a significant role in the development of the Group."
Republic generated $1.2 billion in profit after tax for its 2015 financial year, which ended on September 30. The 2015 performance was 0.6 per cent better than the bank’s after-tax profit in 2014.